Lesaka narrows its net loss

Financial services and technology group Lesaka, formerly known as Net1, expects its consumer business to break even in the current quarter. CFO Naeem Kola told Business Day: “We’re still reducing costs and changing the model with which we deliver to customers … There’s also the improved revenue uplift.” Lesaka decreased its net loss by close to one-fifth year on year to $10.7m (R190m) in its latest quarterly results, and its headline loss per share narrowed 30.4% to $0.16 (R2.84).